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THIS MORNING'S STOCKS
WEEK OF 10/30/00-11/03/00 |
11/03/00 |
ANAREN MICROWAVE INC (ANEN, 106)- The
maker of microwave components for wireless systems announced a 2 for 1
stock split. The shares gained 5 points in after hours trading on
the news.
BERGEN BRUNSWIG CORP (BBC, 10)-
The pharmaceutical distributor missed estimates by two cents as its fourth
quarter earnings rose 33% to 12 cents per share, excluding charges.
Revenues in the quarter increased 15% to $4.837 billion.
DELTATHREE.COM (DDDC, 4.63)- The
provider of Internet based communications services and products beat
estimates by four cents as its third quarter loss widened to 31 cents per
share from last year's loss of 20 cents. Revenues in the quarter
rose 290% to $8.6 million.
MITEL CORP (MLT, 17)- The
chipmaker said its second quarter earnings fell to five cents per share
from last year's 10 cents. Revenues in the quarter rose 3% to $359.8
million, but the company's backlog fell 3.2% sequentially to $312.5
million. Gross margins rose to 49% from last year's 47%. The
company said it sees third quarter earnings of 15 cents per share and full
year earnings of 80 cents. Analysts were looking for full year
earnings of 76 cents.
MYPOINTS.COM INC (MYPT, 2.38)-
The online loyalty marketer beat estimates by three cents as its third
quarter loss, excluding charges, narrowed to 36 cents per share from last
year's loss of 40 cents. Revenues in the quarter rose 107% to $14.5
million, and gross margins improved to 71% from last year's 69%. The
company also announced the resignation of CEO Steve Markowitz.
PORTAL SOFTWARE INC (PRSF, 40)-
The maker of Internet cusomer management and billing software has agreed
to acquire wireless software maker SOLUTION42 for 7.5 million PRSF shares
in a deal valued at $300 million.
PRICELINE.COM (PCLN, 6.85)- The
Internet travel service met expectations as its third quarter loss
narrowed to a penny per share from last year's loss of eight cents.
Revenues in the quarter rose 124% to $321 million, and gross margins
improved to 15.9% from the second quarter's 15.7%. The company also
said CFO Heidi Miller has resigned to pursue other opportunities.
The company said it will eliminate 87 jobs in an effort to cut
costs. The company said fourth quarter revenues may drop
sequentially from the third quarter's levels. The shares tumbled
$1.65 in after hours trading on the news.
SALON.COM (SALN, 1.28)- The
Internet content company beat estimates by eight cents as its second
quarter loss narrowed to 22 cents per share from last year's 34
cents. Revenues in the quarter rose 59%, and 25% sequentially, to
$2.2 million. The company said registered users rose 73%, and 4%
sequentially, to 2.6 million. The company's cash position on
September 30th dropped to $9.39 million from $17.98 million on March 31st.
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11/02/00 |
AMES DEPARTMENT STORES (AMES, 5)- The
discount store operator said October same store sales fell 2.7%.
October total sales increased 1% to $331.8 million.
COINSTAR INC (CSTR, 14)- The
operator of in-store coin counting machines beat estimates by 10 cents as
its third quarter loss widened to 29 cents per share from last year's 23
cents. Revenues in the quarter increased 32.1% to $28.71
million. The company also announced that its CEO Dan Gerrity will
resign to pursue other interests.
DUCKWALL-ALCO STORES (DUCK, 8)- The
variety store operator said October same store sales rose 2.4%.
October total sales increased 5.4% to $28.1 million.
GAP INC (GPS,24)- The apparel
retailer said October same store sales fell two percent. October
total sales rose 19% to $897 million. The company warned that third
quarter earnings will fall short of expectations due to lower gross
margins and higher operating expenses. The company now sees earnings
of $0.20-$0.22 per share, compared to analysts' expectations of 23 cents.
INTERPOOL INC (IPX, 13)- The
supplier of cargo containers beat estimates by three cents as its third
quarter earnings jumped 81.8% to 40 cents per share. Revenues in the
quarter rose 21% to $69.1 million.
MBIA INC (MBI, 71)- The financial
services company met expectations as it third quarter earnings rose 8% to
$1.28 per share.
TJX COMPANIES (TJX, 27)- The
off-price apparel retailer said October same store sales increased 3%, and
October total sales rose 10% to $790 million.
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11/01/00 |
AIRBORNE FREIGHT
(ABF,10.13)- The freight company missed reduced estimates by four
cents as it reported a third quarter loss of 11 cents per share, compared
to last year's profit of 44 cents. Revenues in the quarter rose 2.4%
to $804.5 million. The company attributed the poor results to
slowing domestic growth, and a 51% jump in jet fuel prices.
DOLE FOOD CO (DOL, 12)- The fruit
and vegetable grower beat estimates by five cents as its third quarter
loss, excluding special items, narrowed to two cents per share from last year's
loss of three cents. The company said its results were hurt by
higher oil costs and weakness in the euro. Revenues in the quarter
rose 1.8% to $1.437 billion.
FOUNDATION HEALTH SYSTEMS (FHS, 20)-
The provider of managed health care services beat estimates by two cents
as its third quarter earnings rose 24.1% to 36 cents per share.
Revenues in the quarter increased 6.1% to $2.29 billion. The company
said it expects to meet analysts' fourth quarter and full year
expectations.
INTERLIANT INC (INIT, 6)- The
application service provider beat estimates by four cents as its third
quarter loss soared to 88 cents per share from last year's 37 cents.
Revenues in the quarter jumped 268%, and 15% sequentially, to $44.3
million. Gross margins rose to 28.4% from the second quarter's
26.9%. The company said its backlog rose 22% to $77 million.
MANDALAY RESORTS (MBG, 20.81)-
The casino and resorts operator warned that third quarter earnings will
fall short of expectations. The company now sees earnings of 37
cents, compared to analysts' estimates of 50 cents.
MCDERMOTT INTERNATIONAL (MDR, 10)-
The energy services company beat estimates by nine cents as its third
quarter earnings increased 50% to nine cents per share. Revenues in
the quarter fell to $390.96 million from last year's $595.87
million. The company said its total backlog rose 25% sequentially to
$2 billion, with backlog in its marine construction business jumping 78%
to $554.4 million. The company said it expects to report breakeven
results in fourth quarter 2000 and first quarter 2001.
NETMANAGE INC (NETM, 1.29)- The
maker of Internet application integration software reported a third
quarter loss of nine cents per share, excluding charges, compared to last
year's loss of one cent. Revenues in the quarter rose 46% to $25.7
million. The company's cash position dropped to $33.1 million on
September 30th from $63.1 million on December 31st.
RITE AID CORP (RAD, 2.55)- The
drug store operator said October same store sales rose 9.5%, and total
sales increased 6.5% to $1.08 billion.
STAMPS.COM (STMP, 3.94)- The
online postage center beat estimates by five cents as its third quarter
loss widened to 80 cents per share ($38.5 million) from last year's loss
of 37 cents. Revenues in the quarter increased 14% sequentially to
$4.2 million. The company said recent cost cutting measures will
reduce annual expenses by $30 million. The shares are down 0.25 in
pre-open trading on the news.
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10/31/00 |
ASTRO-MED INC (ALOT,
5)- The maker of specialty printing systems and medical
instrumentation warned that third quarter earnings will fall short of
previous expectations. The company now sees revenues of $11.7
million, and expects to report a loss of ($0.14)-($0.16) per share in the
quarter. The company attributed the reduced forecast to the strength
of the dollar.
COLLINS & AIKMAN CORP (CKC, 5)-
The maker of floor systems and automotive fabric missed estimates by three
cents as its third quarter loss narrowed to seven cents per share from
last year's loss of 10 cents. Revenues in the quarter slipped 1.1%
to $423 million.
ETOYS INC (ETYS, 3.75)- The
online toy seller beat estimates by two cents as its second quarter loss
widened to 33 cents per share from last year's loss of 27 cents.
Revenues in the quarter jumped 95% to $26 million. The company said
its gross margin improved to 22.5% from the first quarter's 21.9%.
The shares are up 0.25 in pre-open trading on the news.
EXPEDIA INC (EXPE, 9.06)- The
online travel information service beat estimates by 22 cents as its first
quarter loss narrowed to four cents per share from the fourth quarter's
loss of 30 cents. Revenues jumped 115% to $76 million. Gross
travel bookings increased 108%, but only 4% sequentially, to $467
million. The shares have jumped 2.94 to 12 in pre-open trading on
the better than expected news.
METRO ONE TELECOMMUNICATIONS (MTON,
13)- The operator of call centers beat estimates by seven cents as its
third quarter earnings jumped 283% to 23 cents per share. Revenues
in the quarter rose 110%, and 17% sequentially, to $42.95 million.
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10/30/00 |
BAKER HUGHES INC (BHI, 32.43)- The
oil services company beat estimates by six cents as third quarter earnings
rose to 21 cents per share from last year's four cents. Revenues in
the quarter increased 14% to $1,273.6 million. The company said it
expects fourth quarter revenues to increase 3%-5% sequentially.
JOHN H. HARLAND CO (JH, 13.09)-
The maker of checks and financial software said its third quarter revenues
inched up 3.5% to $179.8 million. The company met expectations as it
reported earnings of 16 cents per share (including charges and one-time
items of $0.22), compared to last year's earnings of 40 cents.
UNION CARBIDE (UK, 36.75)- The
chemicals maker beat reduced expectations by two cents as its third
quarter earnings slumped 38.9% to 22 cents per share. The company
attributed the profit drop to higher raw materials and oil costs, and the
decline in the euro. Revenues in the quarter slipped to $1.64
billion from last year's $1.67 billion.
WESTFIELD AMERICA (WEA, 12.94)-
The shopping center REIT said its third quarter Funds from Operations rose
7% to $0.46 per share, meeting expectations.
XO COMMUNICATIONS INC (XOXO, 28.19)-
The provider of broadband services beat estimates by seven cents as its
third quarter loss widened to $1.20 per share from last year's loss of 63
cents. Revenues in the quarter jumped 199%, and 59% sequentially, to
$224.3 million.
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